Exhibit 12.1

Washington Prime Group Inc.

Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Share Dividends

(in thousands)

	For the Six Months Ended			Year Ended December 31,
	June 30, 2017			2016			2015			2014			2013			2012
Earnings before fixed charges:
Net (loss) income from continuing operations	$	179,124		$	77,416		$	(104,122	)	$	205,455		$	187,334		$	156,390
Income tax expense	2,548			2,232			849			1,215			196			165
Loss (income) from unconsolidated entities	616			1,745			1,247			(973		)	(1,416		)	(1,028		)
Remeasurement gains from unconsolidated entities	—			—			—			(99,375		)	—			—
Distributions from unconsolidated entities	161			272			223			1,004			2,110			2,558
Fixed charges	64,492			139,027			141,965			82,816			56,219			59,429
Capitalized interest	(644		)	(2,640		)	(1,781		)	(283		)	(1,019		)	(442		)
Earnings before fixed charges	$	246,297		$	218,052		$	38,381		$	189,859		$	243,424		$	217,072
Fixed charges and preferred share dividends:
Interest expense (1)	63,769			$	136,225		$	139,923		$	82,428		$	55,058		$	58,844
Capitalized interest	644			2,640			1,781			283			1,019			442
Portion of rents representative of the interest factor	79			162			261			105			142			143
Total fixed charges	64,492			139,027			141,965			82,816			56,219			59,429
Preferred share dividends	7,016			14,032			15,989			—			—			—
Total fixed charges and preferred share dividends	$	71,508		$	153,059		$	157,954		$	82,816		$	56,219		$	59,429
Ratio of earnings to fixed charges and preferred share dividends	3.44			1.42			0.24			2.29			4.33			3.65
Excess (deficiency)	$	174,789		$	64,993		$	(119,573	)	$	107,043		$	187,205		$	157,643

(1) Does not include the impact of the approximate $1 billion of debt incurred related to the spin-off from Simon Property Group for all periods prior to May 28, 2014.

(2) The shortfall of earnings to fixed charges and preferred share dividends for the year ended December 31, 2015 was $119,573.  This shortfall resulted from the $31,653 of merger and transaction costs and $147,979 of impairment loss that we incurred during the year ended December 31, 2015.